Andina

Peru's President: Poverty reduced during Government's first year in office

16:01 | Lima, Jul. 28.

The President of the Republic Pedro Castillo on Thursday affirmed that private investment is expected to reach a level equal to US$44 billion in 2022, a record similar to that of last year, adding that it will be key to the continued recovery of productive activity and employment.

"In order to give a significant boost to private investment, we have strengthened the mechanisms, such as Works for Taxes and Public-Private Partnerships, so that they help improve the management of infrastructure projects, expanding their scope to contribute to closing gaps," Mr. Castillo stated.

"Similarly, we are working on an active agenda to unblock major infrastructure projects such as Majes, Muelle Norte (Northern Dock), and Chavimochic, among others," he added.

Peru is the region's fastest growing economy

On the other hand, the Head of State referred to the fact that information on Peru's economic growth is not being spread.

"Is it known that Peru is the country (economy) which has grown the most in the region? Very few people know that, but we (the economy) have grown 3.5% so far in 2022, as indicated by the Central Reserve Bank; despite the pandemic, we are also (growing) above the region's average," he highlighted.

"Likewise, among emerging countries, we (our economy) also exceeded the 2.5% economic growth projection for 2022. Yet it is not communicated, nor is it said that global organizations such as the World Bank project that economic growth advances and will reach 2.6% this year (…)," he added.

Poverty reduced in 2021

President Castillo stressed that a recent National Institute of Statistics and Informatics (INEI) report indicates that Peru has reduced its poverty levels.

"As of today, 1,260,000 citizens are less poor; besides, 309,000 Peruvians have also left extreme poverty behind," he detailed.

Employment recovered

Moreover, the top official emphasized that employment levels have recovered in Peru, saying that the number of jobs currently exceed 5.5 million.


(END) CNA/RMB/MVB

Publicado: 28/7/2022